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Search Results 0 to 14 of about 15 (some duplicates have been removed)
at the international monetary fund, annie lowry an economic policy reporter for "the new york times." steven moore, editorial writer for "the wall street journal." ken, you tear financial crisis guru here. forget the politics. just give us the math. if washington fails to avert the cliff, the worst-case scenario will be the combination of tax hikes and spending cuts. what does that do to our economy? >> well, if they don't come to a deal and then sit there all next year and don't come to a deal, we will go back into recession. it will be very, very ugly. and the united states is one of the few bright spots in the world and it will be ugly to have the whole world go into recession. but i don't think that's likely. i think if we pass for a month then they'll eventually pass something. but it shows the dysfunction in washington of not being able to pass anything. by the way, ali, the debt ceiling's coming up. they're not agreeing on that. so even if they agree on this, then in a month or two they're going to be in the same position on the debt ceiling. >> and our debt ceiling actually comes to a head
of spending restraight. >> i want to bring stephen moore back into the conversation. a lot of people don't like grover norquist you've defended him. you come from the same place in a lot of things. here's where i take issue. he said increasing taxes avoids the conversation on having the spending discussion. i said i don't think that's causal. i think we can agree we're not having a robust-enough conversation on how to deal with spending in this country and how to make government more efficient. is it a fact by raising taxes we're just not going to have that discussion? >> yeah, i believe so. i believe every time you raise taxes it reduces the pressure to cut spending and i agree with grover on that i want to take issue on one thing you said to grover that i think is a little unfair. the vote we had last week, the job boehner plan b, which actually there was no vote -- >> you know, you've been saying, these guys are just following the instructions of grover nor quest. look, i actually think republicans made a mistake personally in not approving plan b. but you know, the people voted again
cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000, the threshold. were we wrong or what? >> well, you know, ali, i love you, but i don't want to spend new year's eve with you and we may be doing that. i don't know. look, i still think -- i have been saying this for the last three weeks, th
it. if he hopeful we will get a last minute deal? stephen moore. look, you are here earlier this month and said we will be back here talking with you. >> here we are. ashley: we are getting inklings of some sort of deal being put together. >> i heard for the first time what you just heard. the framework of that deal -- i think that was something that probably could make it through the senate and the house. nancy pelosi will have to deliver anywhere from 50-100 votes from her democratic office. but, of course, let's not forget that gets us around the immediate problem of what they are calling the fiscal cliff. this is just act one. then we deal with the dead ceiling. this was just the idea of an opening bid, if you will. i think it will be good news for the market if a deal like this were enacted. shibani: you are talking about the markets. i want to ask you about their role in getting to this point. we have seen steep declines. multi- hundred point the kleins in some instances, we have not been met in this case. is this part of the reason we are in this position? >> well, yo
to get a reality check from stephen moore, a member of the wall street editorial board and author of "who's the fairest of them all?" . stephen, we have spent six month talking about this can't happen we can't go off the fiscal cliff. we've got to meet this deadline and now they are saying, it's not that bad. which is it? >> look, i don't think it's the end of the world and i think it would get resolved in the weeks ahead but it's a black eye for our whole political system. think about this. here we are two or three days away from the start of the year without any american business or investor or workerer knowing what the payroll tax is going to be, income tax is going to be, i mean, this just isn't a very good way to run a country and it's almost like banana republic politics. >> my dad used to say, no way to run a railroad. let's talk about a couple of things. this whole idea that tax rates on everyone will go up. does the irs, does the treasury department have the ability to sort of say, look, here's some guidance. keep withholding where it is? >> the irs is in turmoil right now. they
their marriages a timeout. heidi klum divorced seal. demi moore and ashton kutcher reason officially divorce, but both say they want a break. and tom cruise and katie holmes ended their marriage in june. hollywood had its share of happily ever afters. justin timberlake and jessica biel. and brangelina finally ready to tie the knot. and pitt's ex-wife, jennifer aniston announced her engagement. >> the winner of "american idol" is phillip phillips. >> season 12 kicks off in january. the x factor adding new faces. america choosing the winner -- >> tate stevens! >> hollywood's biggest night went silent. the best picture award going to the artist, the film alone grabbing five oscars. meryl streep had won the record for the most nominations. she took home an oscar for her portrayal of the iron lady. the descendants took home best picture golden globe awards. >> i'd like to know who the guy was my wife was seeing. >> and the avengers, the top grossing film of the year. 2012 was a tough year for twihards, as twilight star kristin stewart admitting to cheating on robert pattinson with the married dir
, texas. mayor moore passed away last week after 63 years as richmond's mayor. he was a true texan, a straight shooter who loved his family, good conversation, quayle hunting, ranching -- quail hunting, ranching and texas longhorn football. the last time i talked with mayor moore was richmond's 175th anniversary. my speech was interrupted by trains roaring by. the trains did not dare to interrupt mayor moore. i asked him, how can i do that? he said, give it time. give it time. he gave richmond time. the time of his life. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> to ask unanimous consent address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman from california is recognized. >> mr. speaker, i rise today to announce the discovery of a new break through in mathematics of the theory of vector bundles. part of the interest comes from its application to quantum mechanics, the theory that makes modern electronics possible, and p
-wykehan- fiennes. he was once considered to play the role of james bond before roger moore. he ran seven marathons over seven days in six continents only missing antarctica because of bad weather. of course he'd already crossed antarctica by foot when he missed it that time. he has survived a literal heart attack on the slope of mount everest. and he once had such a bad case of frostbite he amputated the ends of his own fingers with a microsaw. that is the rather bad-ass dude who is setting out to make what he is dubbing the coldest journey. now, mr. twisleton-wykeham- fiennes. that is an amazing name. is also the third cousin of the actor. ralph fiennes is a great actor. he played the heck out of voldemort, which is not easy but as far as i can tell he has never had to put his hand in a vise so he can cut off his own fingers. and that i have decided is a standard by which all twisleton-wykeham-fienneses will be judged from here on out. so good luck and god speed, the finest of the twisleton clan. i love it because it includes two of my favorite things, celebrity gossip and crazy feats of human en
bill and it's in the provinces where the nationalistic moore support is increasing the base that he needs to keep onboard and that's another reason why he's acting the way he did on this bill. >> we appreciate it. ? thank you. >> europe's fiscal woes dominated the american markets most of the year. >> the fragile european economy not out of the woods just yet. here is jimmy pathakukas of the institute. it was "barron's" just this week. this is the year to invest in europe. do you disagree with that or can the two work together? >> well, you know, they say the united states don't fight the fed. in europe you would say don't fight the ecb as long as they believe that they would do whatever it takes to keep the euro together, i guess that's a positive, but remember, you have an economy back in recession that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to
sustain the one-two punch is anybody's question. patti ann: joining us now is steve moore from the "wall street journal." hopefully he can give us some answers. good morning, steve. what is the most immediate impact in we go over the cliff? >> we are talking about january 2nd taxing rising on over a hundred million americans. this is a big sock to the wallet of americans of every income group. let's just talk about the middle class for a minute. for those earning about 45 to 75,000 a year they are looking at paying somewhere in the neighborhood of $2,500 a year more in taxes. it's not just the warn buffets and bill gates that will be hit by tax increases. the other part of the cliff that we don't talk that much about is the automatic spending cuts would take effect starting on january 2nd, an 8% reduction in major spending categories, national defense, many of what we call the domestic discretionary programs would also be hit. this is a big fiscal wallop to the economy and a lot of economists believe it could cause a double-dip recession. patti ann: on the other hand we are hearing from
shelly moore-capito and congressman greg meeks of new york will join us on the show to talk about the biggest sticking points. at the top of the hour, vice chairman and republican policy committee chairman tom price will be our special guest. "squawk box" coming right back. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning and welcome back to "squawk box
for democracy is the ambitious, and it are her believe the liberty. governor moore said democracies savaging wild and benjamin rush said a simple democracy is one of the greatest diseases. the point is the undemocratic elements of the constitution arthur on purpose. among the 52 election at the time of your senators by state legislators, independent judiciary, bicameral legislature. next point of the last of minority rights. the senate is one of these less democratic elements for a good reason. his purpose is to check majoritarian impose other majoritarian house. i was a creature of the house before a creature of the senate and look at the good house staffer i hated the senate because he was the graveyard for all the legislation we wanted to push through. but at the feet of vertical, a famous expert came to appreciate the importance of the senate and went to the white house respect it. there's a story that is probably apocryphal, but it's too good because it can reduce the truth about the senate. when jefferson and you had been ambassador to to france came back and sat with washington asked
hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disappointed, quite frankly. >> really? is it overstating it to say that, you know, some people characterize it that the president was not accepting the surrender of the gop anyway, so why not keep fighting? >> we needed to strengthen the speaker's hand in negotiations and i think by saying and reiterating that we didn't want taxes to go up by 98.1% of the population i think is a strong statement for us to go. we had -- would be moving one of the rates, and i think that that was a concession on our maert and i was disappointed we weren't able to send that over to the senate and say to them, all right. your turn. >> yeah, i know. but all these games. everybody knew the senate wouldn't take it up. the president promised he
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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